· Singapore’s shipments to Indonesia rise over past week to highest in two months.· Cargo of Group II base oils loads from Taiwan over past week before moving to Philippines.· Flow of such shipments from Taiwan remains infrequent so far this month, reflecting impact of ongoing plant maintenance work.· Large cargo loads from South Korea in recent days before heading to US Gulf coast, set to arrive in 2H Nov 2023.· Cargo is second such large cargo from South Korea bound for US in 2H Oct 2023.· Cargo of Group III base oils loads from Indonesia at end-Sep 2023, set to reach northwest Europe in coming week.· Large cargo of Group III base oils loads from Indonesia in mid-Oct 2023, set to reach northwest Europe in mid-Nov 2023.· Cargo of Group III base oils loads from Bahrain in early-Oct 2023, set to reach Europe in early Nov 2023.· Cargo of Group III base oils loads from Bahrain in Sep 2023, set to reach US Gulf coast in early-Nov 2023.· Large cargo of Group III base oils loads from UAE in mid-Oct 2023, likely bound for US.· Large cargo of Group I and Group II base oils from Saudi Arabia set to reach UAE at start of this week.· Large cargo from Saudi Arabia set to reach Nigeria early this week after discharging portion of shipment in South Africa earlier this month.· Shipment follows arrival in recent days of cargo from US to Nigeria, precedes arrival of cargo from northwest Europe to Nigeria later this week.· Large cargo from northwest Europe set to reach South Africa this week.· October-loading cargoes of premium-grade base oils from Spain so far remain lower than Sep 2023 volumes..Global base oils - week of Oct 23: Price signals - arbitrage
· Singapore’s shipments to Indonesia rise over past week to highest in two months.· Cargo of Group II base oils loads from Taiwan over past week before moving to Philippines.· Flow of such shipments from Taiwan remains infrequent so far this month, reflecting impact of ongoing plant maintenance work.· Large cargo loads from South Korea in recent days before heading to US Gulf coast, set to arrive in 2H Nov 2023.· Cargo is second such large cargo from South Korea bound for US in 2H Oct 2023.· Cargo of Group III base oils loads from Indonesia at end-Sep 2023, set to reach northwest Europe in coming week.· Large cargo of Group III base oils loads from Indonesia in mid-Oct 2023, set to reach northwest Europe in mid-Nov 2023.· Cargo of Group III base oils loads from Bahrain in early-Oct 2023, set to reach Europe in early Nov 2023.· Cargo of Group III base oils loads from Bahrain in Sep 2023, set to reach US Gulf coast in early-Nov 2023.· Large cargo of Group III base oils loads from UAE in mid-Oct 2023, likely bound for US.· Large cargo of Group I and Group II base oils from Saudi Arabia set to reach UAE at start of this week.· Large cargo from Saudi Arabia set to reach Nigeria early this week after discharging portion of shipment in South Africa earlier this month.· Shipment follows arrival in recent days of cargo from US to Nigeria, precedes arrival of cargo from northwest Europe to Nigeria later this week.· Large cargo from northwest Europe set to reach South Africa this week.· October-loading cargoes of premium-grade base oils from Spain so far remain lower than Sep 2023 volumes..Global base oils - week of Oct 23: Price signals - arbitrage